Citi Foundation announces recipients of inaugural Global Innovation Challenge

50 organizations granted a total of USD 25 million to pilot or expand catalytic solutions to improve food security globally

Citi Foundation announced the grant recipients of its first-ever Global Innovation Challenge. A new model to identify and provide philanthropic support to community organizations that are developing innovative solutions to social and economic challenges faced by low-income communities around the world.

In Sri Lanka, the United Nations Development Fund (UNDP) has been successfully awarded the Citi Foundation grant of USD 500,000. The funding will support small-scale women farmers in Sri Lanka by introducing tech-based farming, access to inclusive financing products and services. The project entails teaching of environmentally friendly agricultural techniques that will improve productivity and community resilience over the next two years.

The 50 recipient organizations including UNDP Sri Lanka will support programming across four priority areas: food access, availability, affordability, and community resilience. Innovations range from launching apps that will connect food supply and demand to piloting new technology and sustainable farming practices to setting up urban gardens and more.

Over the course of two years, grantees will have access to a learning community facilitated by IDEO.org, a non-profit design studio. Through a digital platform and a set of curated experiences, grantees will have the opportunity to collaborate, share lessons learned and exchange best practices.

Citi Country Officer for Sri Lanka Ravin Basnayake, stated: “At Citi, we have been aiming towards enabling growth and progress of our clients and the community we are a part of. This has been a priority since our inception in Sri Lanka over four decades ago.” He further added, “We are pleased for the opportunity given to leverage on Citi Foundation’s philanthropic capital to support the critical need to modernise and encourage sustainable agricultural practices addressing the food security issues in the country.”